EMI Calculator

Calculate the exact monthly EMI on any loan in seconds. A ₹25 lakh home loan at 8.5% for 20 years costs ₹21,696 a month — ₹27.07 lakh of interest over the tenure. Presets for home, car, and personal loans, with total interest and total payment shown alongside.

Loan type

Loan amount (₹)

Interest rate (% p.a.)

Tenure (years)

₹21,696

Monthly EMI

₹27,06,939

Total interest

₹52,06,939

Total payment

Standard reducing-balance EMI formula, the same method banks use. Actual offers add processing fees, insurance, and rate spreads based on your credit profile — treat this as the baseline instalment for comparing loans, not a sanctioned quote.

Home loan EMI by amount

Pre-computed EMIs at typical home-loan rates and tenures for the amounts people look up most.

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Why use EMI Calculator?

Every amortized loan — home, car, or personal — uses the same reducing-balance mathematics: each EMI first covers the month's interest on the outstanding balance, and the remainder retires principal. Early in the tenure most of the payment is interest; the balance falls slowly at first and then accelerates. This calculator computes the exact EMI, the total interest over the life of the loan, and the total outlay, with presets that load typical Indian rates for each loan type (around 8.5% for home loans, 9.5% for car loans, and 12% for personal loans as of 2026 — all editable). The number that surprises most borrowers is total interest: a 20-year home loan at 8.5% accrues interest worth roughly 108% of the principal — you repay about double what you borrowed. The pre-computed amount pages (₹5 lakh to ₹1 crore) put this in full view with EMI tables across 8–10% rates and 10–30 year tenures plus a year-by-year balance rundown, so you can see exactly what a tenure choice costs before signing.

Key benefits

The same reducing-balance formula banks use
Home, car, and personal loan presets
Total interest shown, not just the EMI
Indian formatting (lakh/crore grouping)
Pre-computed pages for common amounts (₹5 lakh to ₹1 crore)

Features

EMI = P·r·(1+r)^n / ((1+r)^n − 1) computed exactly
Editable rate and tenure on every preset
Amount pages with rate × tenure EMI tables
Year-by-year amortization summary on amount pages

Popular use cases

Checking what a home loan offer really costs per month
Comparing 15 vs 20 vs 25-year tenures before committing
Working out a car loan EMI at the dealership
Budgeting a personal loan against monthly income

How to use EMI Calculator

1
Pick the loan type
Home, car, or personal — each preset loads a typical rate and tenure you can edit.
2
Enter amount, rate, and tenure
Loan amount in rupees, annual interest rate, and tenure in years.
3
Read the three results
Monthly EMI, total interest over the tenure, and total payment (principal + interest) update instantly.
4
Compare scenarios
Change the tenure to see the EMI-vs-interest trade-off — shorter tenures raise the EMI but cut total interest sharply.

Frequently asked questions

How is EMI calculated?

With the reducing-balance formula EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal, r the monthly interest rate (annual rate ÷ 12), and n the number of months. A ₹25 lakh loan at 8.5% for 20 years works out to ₹21,696 per month.

What is the EMI for a ₹50 lakh home loan?

₹43,391 per month at 8.5% for 20 years, with total interest of about ₹54.1 lakh over the tenure. At 15 years the EMI rises to ₹49,237 but total interest drops to about ₹38.6 lakh — see the ₹50 lakh page for the full rate and tenure table.

Does a longer tenure make a loan cheaper?

It lowers the monthly EMI but raises the total interest, often dramatically. On ₹25 lakh at 8.5%, moving from 15 to 25 years cuts the EMI by about ₹4,500 a month but adds roughly ₹16 lakh of extra interest.

Is this the same EMI my bank will quote?

The formula is identical, but banks add processing fees and price the rate to your credit score, income, and loan-to-value ratio, so your sanctioned rate may differ from what you enter here. Use it to compare structures, then confirm the exact quote with the lender.

Last reviewed: August 2026

Home loan EMI by amount

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